Business Today: Wall St. ends lower on concern Fed may scale back stimulus

	Click to View in Browser 06/4/2013 Wall St. ends lower on concern Fed may scale back stimulus NEW YORK (Reuters) - Stocks ended lower on Tuesday, resuming their recent decline as investors sold growth-oriented sectors on speculation the Federal Reserve may reduce its economic stimulus. Widening trade gap offers mixed signals on economy WASHINGTON (Reuters) - Trade deficit widened in April as a rise in imports offset a rebound in exports, suggesting trade could drag on growth in the second quarter even as demand holds up. Senators mull timetable for liquidating Fannie Mae, Freddie Mac WASHINGTON (Reuters) - Mortgage financiers Fannie Mae and Freddie Mac would be liquidated within five years and replaced by an entity offering government reinsurance for mortgage-backed debt under draft legislation from a bipartisan group of U.S. senators. Amazon plans major move into grocery business SAN FRANCISCO (Reuters) - Amazon.com Inc is planning a major roll-out of an online grocery business that it has been quietly developing for years, targeting one of the largest retail sectors yet to be upended by e-commerce, according to two people familiar with the situation. Job gains seen lackluster, may temper Fed taper talk WASHINGTON (Reuters) - Job growth probably picked up only slightly in May, suggesting the economy is still in a rut and not ready for the Federal Reserve to dial back its monetary support. Ex-Goldman VP Tourre loses bid to narrow SEC fraud case NEW YORK (Reuters) - Former Goldman Sachs Group Inc Vice President Fabrice Tourre lost a bid to limit a U.S. Securities and Exchange Commission civil fraud case against him over a transaction that led to a $550 million settlement by the Wall Street bank. Chrysler disputes U.S. recall of 2.7 million Jeep vehicles DETROIT (Reuters) - Chrysler Group LLC disputed a decision by U.S. regulators to recall 2.7 million older model Jeep vehicles for safety problems, saying in a statement on Tuesday that the conclusion is based on an "incomplete analysis of the underlying data." Sprint may delay SoftBank shareholder vote: Bloomberg (Reuters) - The board of Sprint Nextel Corp may delay next week's shareholder vote on a takeover by SoftBank Corp , Bloomberg reported on Tuesday. AMR can send restructuring plan to creditors for a vote: judge NEW YORK (Reuters) - American Airlines' bankrupt parent received court permission on Tuesday to send its restructuring plan to creditors for a vote, bringing its planned $11 billion merger with US Airways Group a step closer to reality. IKEA founder steps further back, youngest son takes key role STOCKHOLM (Reuters) - Ingvar Kamprad, creator of Swedish furniture retailer IKEA, is to take another step back from his company as the youngest of his three sons takes a key board role in a gradual handover of power. Related Video China trade war fears remain despite EU solar ruling Techquity: Microsoft closing in on Apple, Amazon ad power Economic News Job gains seen lackluster, may temper Fed taper talk Widening trade gap offers mixed signals on economy A daily digest of breaking business news, coverage of the US economy, major corporate news and the financial markets. Register Today   The latest Reuters articles on M&A, IPOs, private equity, hedge funds and regulatory updates delivered to your inbox each day. Register Today   » MORE NEWSLETTERS - 3 Times Square New York, NY 10036 USA © Copyright 2010 Thomson Reuters Ensure delivery of Reuters Newsmails, add mail@nl.reuters.com to your address book. Details Subscribe to other Reuters newsletters. Unsubscribe from this newsletter. Follow us on Twitter Friend us on Facebook Forward to a friend